Platinum Equity to Invest in Grand Appliance
Leading Midwest appliance distributor to join forces with Platinum-backed R&B Wholesale Distributors LOS ANGELES (Jul...
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June 16, 2016
Gores Small Capitalization Partners and Platinum Equity Invest in Data Blue
LOS ANGELES--Gores Small Capitalization Partners and Platinum Equity announced that they have invested in Data Blue. Founded in 2011, Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to enterprise customers in North America. Financial terms of the investment were not disclosed. “We are excited to partner with Gores and Platinum Equity as we enter the next chapter in our history. Our employees, customers and partners will all benefit from the significant capital and experience that this new partnership brings to Data Blue. This investment ...
Read moreJune 13, 2016
Platinum Equity to Sell BWAY to Stone Canyon Industries
LOS ANGELES (June 13, 2016) – Platinum Equity and Stone Canyon Industries, LLC announced today that they have signed a definitive agreement for Platinum Equity to sell BWAY Corp. to Stone Canyon Industries LLC for $2.4 billion. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods.The sale is subject to regulatory approval and customary closing conditions, and is expected to close in August 2016. The company expects to keep its existing debt instruments in place and to satisfy the requirements of a Specified Change ...
Read moreJune 08, 2016
Conagra Foods to Sell JM Swank to Platinum Equity
OMAHA, Neb. and LOS ANGELES--(BUSINESS WIRE)--DATE, 2016-- ConAgra Foods, Inc. (NYSE: CAG) and Platinum Equity, a California-based private equity firm, today announced that they have entered into a definitive agreement for Platinum Equity to acquire ConAgra Foods’ JM Swank business, a national food ingredient sourcing and distribution company. Terms of the deal were not announced. “Our goal continues to be driving greater shareholder value by making ConAgra Foods a more focused and higher performing company,” said Sean Connolly, president and chief executive officer of ConAgra Foo...
Read moreJune 08, 2016
Platinum Equity to Sell MetoKote to PPG
LOS ANGELES, CA (June 8, 2016) – Platinum Equity today announced the signing of a definitive agreement to sell MetoKote to PPG (NYSE:PPG). MetoKote is a U.S.-based provider of industrial coating services. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close in the third quarter of 2016. “MetoKote’s success is a result of a great partnership with the management team and a lot of hard work by the company’s dedicated employees,” said Platinum Equity Partner Bob Wymbs. “Working together we have grown the b...
Read moreMay 31, 2016
Electro Rent and Platinum Equity Sign Definitive Merger Agreement
Platinum Equity to Acquire Electro Rent for $13.12 per Share in All Cash Transaction BEVERLY HILLS and VAN NUYS, Calif. – May 31, 2016 – Platinum Equity and Electro Rent Corporation (Nasdaq: ELRC) today announced that they have entered into a definitive agreement under which Electro Rent would be acquired by Platinum Equity for approximately $323.4 million. Under the agreement, Platinum Equity would acquire all of Electro Rent’s common stock. Electro Rent stockholders will receive $13.12 per share, representing a premium of 24.4% over the closing price on May 27, 2016, and 34.8% ove...
Read moreMay 02, 2016
Funds Affiliated with Apollo Global Management to Acquire AmQuip Crane Rental and Maxim Crane Works
PITTSBURGH & TREVOSE, Pa. & NEW YORK--Funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) announced today that they have signed definitive agreements to acquire AmQuip Crane Rental (“AmQuip”) from affiliates of Clearlake Capital Group, L. P. (“Clearlake”) and Maxim Crane Works (“Maxim”) from affiliates of Platinum Equity. Upon the closing of these transactions, Apollo intends to combine Maxim and AmQuip, creating a premier lifting solutions provider operating a modern crane rental fleet comprise...
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